Top 5 Use Cases for Financial Advisors Today
Top 5 Use Cases for Financial Advisors Today
Plus, AI News You Can Use...
ARTIFICIAL INTELLIGENCE RISK, INC.
September 2024
AI News You Can Use
Top AI News
Apple announced new generative AI features for the iPhone 16 at their annual Worldwide Developers Conference. Rumors are that they are seeking to make an investment in OpenAI.
NIST’s AI Safety Institute signed agreements to facilitate collaboration with both OpenAI and Anthropic where they share their models for safety testing purposes. This agreement will allow third-party review of compliance with prior “voluntary” AI safety guidelines.
The European AI Act entered into force on August 1, 2024, making it the world’s first comprehensive regulation for AI. While the act is more consumer-focused, it will impact U.S. companies doing business in Europe, especially if their AI is considered “risky” under the rules.
OpenAI is preparing “Project Strawberry,” its newest model with significantly enhanced performance and improved multi-modal capabilities (e.g., speech, images). We will likely see it before the end of 2024.
AI Risk, Inc. Company News
We have partnered with Fynancial to bring AI to financial advisors at some of the leading RIA’s in the USA.
Matt Spencer is now partnering with AI risk to offer AI Strategy and Policy consulting. He is a practitioner with decades of technology leadership experience and can leverage the knowledge and talent at the firm.
In addition to winning the award as #1 for cybersecurity from Waters Technology in July, we received another #1 Cybersecurity award in August, along with a “Rising Star” recognition from Chartis in the AI Risk 50.
Feature: Top 5 AI Use Cases for Financial Advisors
Transcribing and summarizing client meetings, creating action items and pushing to a CRM and email. It is important to integrate with Zoom, Teams, and other video platforms because different clients have different preferences. Additionally, retaining summaries of meetings and action items for compliance purposes is crucial.
Creating useful content to publish on social media or a newsletter
You can add value to your current and future clients by publishing valuable content. This could be educational, such as content about retirement planning, or simply sharing a quote you like. Generative AI can create this in seconds, but be sure to review and verify the content for accuracy.
Create pre-meeting reports for your clients by linking your AI into your CRM, portfolio system, and other applications.
You can get family details, goals, and performance in seconds. You can also ask follow-up questions to the AI! Get ready for a meeting in minutes.
Use AI to Discover New Investing Themes on the Web, Including Reddit and Social Media
What’s hot in investing right now? You can find out and summarize trends using AI. In some cases, you may want to explore these themes further. In other cases, they may be concerning, and you should be prepared to discuss their negative aspects with your clients.
AI Sentiment Analysis: Positive, Negative, or Neutral?
LLMs can easily analyze call transcripts or emails for sentiment – is a client upset with you? Happy? Remove the question marks with AI and gain control over your relationships with your clients.
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